Amend HB 1089 as follows:                                                    

(1)  On page 1, line 22, between "PROJECTS." and "Under", 	insert "(a)".
	(2)  On page 2, between lines 3 and 4, insert:                                 
	(b)  The district may exercise its authority under this 
section only on or after the date the governing body of the 
municipality in whose extraterritorial jurisdiction any part of the 
district is located by resolution consents to the district 
exercising that authority.  If the governing body of the 
municipality does not adopt a resolution under this section 
consenting to the district's road project authority before January 
1, 2010, this section and Sections 8308.053 and 8308.054 expire on 
that date.
	(3)  On page 2, strike lines 17 through 22 and substitute:                     
	Sec. 8308.054.  ECONOMIC FEASIBILITY STUDY.  (a)  Not later 
than the 30th day before the date the district issues for a road 
purpose bonds payable from ad valorem taxes of the district, the 
district shall deliver to the municipality whose extraterritorial 
jurisdiction includes district territory a report of the 
conclusions of an independent economic feasibility study that 
support the ability of the district to pay debt service on the bonds 
under consideration at a tax rate of 95 cents or less per $100 
assessed valuation on all property subject to taxation by the 
district, assuming a 95 percent collection rate.
	(b)  The economic feasibility study must establish:                     
		(1)  the ability of the district to issue the bonds 
based on:        
			(A)  land values in the district;                                     
			(B)  the tax rate necessary to support the 
district's payment of debt service on the district's ad valorem tax 
bonds; and
			(C)  other factors enabling the district to 
support a reasonable tax rate for debt service; and
		(2)  the value of projected improvements to be financed 
by the bonds.
	(c)  The district may not issue the bonds unless the 
governing body of the district approves the conclusions of the 
economic feasibility study.  Not later than the 30th day after the 
date the municipality receives the study report, the governing body 
of the municipality shall either approve or disapprove the 
conclusions.  If the governing body of the municipality does not 
approve or disapprove the conclusions by that 30th day, the 
conclusions are considered approved.
	(d)  If the Texas Commission on Environmental Quality 
assumes jurisdiction over the district's issuance of bonds for a 
road purpose, this section expires on the day after the date the 
commission assumes the jurisdiction.
	(4)  On page 4, line 16, between "PROJECTS." and "Under", 
insert "(a)".
	(5)  On page 4, between lines 21 and 22, insert:                               
	(b)  The district may exercise its authority under this 
section only on or after the date the governing body of the 
municipality in whose extraterritorial jurisdiction any part of the 
district is located by resolution consents to the district 
exercising that authority.  If the governing body of the 
municipality does not adopt a resolution under this section 
consenting to the district's road project authority before January 
1, 2010, this section and Sections 8309.053 and 8309.054 expire on 
that date.
	(6)  On page 5, strike lines 8 through 13 and substitute:                      
	Sec. 8308.054.  ECONOMIC FEASIBILITY STUDY.  (a)  Not later 
than the 30th day before the date the district issues for a road 
purpose bonds payable from ad valorem taxes of the district, the 
district shall deliver to the municipality whose extraterritorial 
jurisdiction includes district territory a report of the 
conclusions of an independent economic feasibility study that 
support the ability of the district to pay debt service on the bonds 
under consideration at a tax rate of 95 cents or less per $100 
assessed valuation on all property subject to taxation by the 
district, assuming a 95 percent collection rate.
	(b)  The economic feasibility study must establish:                     
		(1)  the ability of the district to issue the bonds 
based on:        
			(A)  land values in the district;                                     
			(B)  the tax rate necessary to support the 
district's payment of debt service on the district's ad valorem tax 
bonds; and
			(C)  other factors enabling the district to 
support a reasonable tax rate for debt service; and
		(2)  the value of projected improvements to be financed 
by the bonds.
	(c)  The district may not issue the bonds unless the 
governing body of the district approves the conclusions of the 
economic feasibility study.  Not later than the 30th day after the 
date the municipality receives the study report, the governing body 
of the municipality shall either approve or disapprove the 
conclusions.  If the governing body of the municipality does not 
approve or disapprove the conclusions by that 30th day, the 
conclusions are considered approved.
	(d)  If the Texas Commission on Environmental Quality 
assumes jurisdiction over the district's issuance of bonds for a 
road purpose, this section expires on the day after the date the 
commission assumes the jurisdiction.